Invest some of that cash back into your business. Run ads based on what you know about your audience. Keep people coming back for more.
You can also start optimizing the metrics we described earlier. Do you want to increase your customer lifetime value? Find ways to get these segments you should definitely send abandoned browser emails to people to spend more money with your business.
3. Leverage existing network traffic
Growth hacking is all about leveraging your existing assets. Your web traffic is one of them.
If people have already visited your site, you want them to convert. Use tools like Hello Bar, Crazy Egg and Google Analytics to predict what they’ll do once they arrive.
4. Reduce customer acquisition costs
Customer lifetime value is more important chatgpt – the new tool raises the question of whether artificial intelligence is an ally or an enemy of digital business than you think because it costs less to keep an existing customer than to acquire a new one. In addition, you want to measure CAC and how to attract more customers with the least possible spending.
5. Improve website search engine ranking to increase website conversion rate
Our business partner Neil Patel has written hundreds of thousands of words about Search Engine Optimization (SEO). Why? Because it’s one of the most critical factors for business today.
If people can’t find you through search engines, how can they buy your products or services? You need to focus on your primary keywords and buy lead optimize every page of your website so that you rank higher in the search engine results pages.
6. Increase customer lifetime value
You knew we were going to come back to this, right? It’s one of the most critical metrics you’ll ever measure.
How can you increase CLV? Offer product bundles so people spend more money. Invite them back through email marketing, engage with them on social media ( Twitter , Facebook , Instagram, Pinterest, Youtube, etc.), and host big product launches.
Don’t forget about customer support. If you guide your customers through every step of their journey, they’ll come back.
7. Make decisions based on proven data
When it comes to making money, we don’t want to guess. We want to know. We’re pretty sure you feel the same way.
When you have hard data, you can make better decisions.
8. Take more calculated risks
That being said, we cannot succeed in business without taking risks. However, we want to be risk averse so that our risks pay off.
CRO gives you a better understanding of your business and your customers. You can take calculated risks because you are safer with higher revenue and you have a steady flow of traffic to experiment with.
9. Make your paid advertising campaigns more profitable
As your business grows and your CRO improves, you may want to start running ads. Social ads, in particular, are very beneficial for businesses in most industries. You may also want to test paid search.